Matching -Stability Strategy

question 46

Multiple Choice

Matching
-Stability Strategy

• A)increasing revenue, profits, markets share, or territories
• B)addresses declining performance through retrenchment and regrowth
• C)adds new kinds of goods, services or business units
• D)provides goods/services that are significantly different from the competition
• E)focus is on processes, products, and services that will sustain it over the long term
• F)concentrates on a specific target market and may use cost leadership and/or differentiation strategies
• G)reduces production costs and therefore consumer price

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Definitions:

Perpetual Inventory System

An inventory management approach that keeps continuous, real-time records of goods purchased and sold, reflecting current inventory levels at all times.

Merchandise Inventory

Goods that a company holds for the purpose of selling them to customers, representing one of the key assets on the balance sheet.

Accounts Payable

The liabilities a company has to its vendors or lending parties for products and services it has received but for which payment has not been made.

Net Method

A way of recording purchases or sales of goods that directly factors in any discounts or allowances at the time of the transaction.